Satluj Spintex Limited

This company specializes in cotton ginning and manufacturing various types of cotton yarns.

2010 | Bathinda, Punjab (India) | Under Insolvency
Last Updated: January 16, 2025

Satluj Spintex Profile

Key Indicators

  • Authorised Capital ₹ 120.25 Cr
  • Paid Up Capital ₹ 110.00 Cr
  • Company Age 14 Year, 11 Months
  • Last Filing with ROC 31 Mar 2022
  • Open Charges ₹ 406.75 Cr
  • Satisfied Charges ₹ 932.25 Cr
  • Revenue Growth -3.16%
  • Profit Growth 52.63%
  • Ebitda 802.51%
  • Net Worth -19.68%
  • Total Assets -0.60%

About Satluj Spintex

Satluj Spintex Limited (SSL) is Under Cirp company established on 17 Mar 2010 with its office registered at Bathinda, Punjab, India and has been running since 14 Year, 11 Months with a paid up capital of 110.00 Cr. According to MCA records, 5 Directors and 1 Signatories are linked to this company as of 16 Jan 2025.

Company Details

  • Location

    Bathinda, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    satlujgroup.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U17290PB2010PLC033706

  • Company No.

    033706

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    17 Mar 2010

  • Date of AGM

    30 Sep 2022

  • Date of Balance Sheet

    31 Mar 2022

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Manufacturing

Who are the key members and board of directors at Satluj Spintex?

Executive Team (2)

NameDesignationAppointment DateStatus
Sham Lal Country flag representing In Managing Director17-Mar-2010Current
Gaganendra CFO30-Mar-2019Current

Board Members (4)

NameDesignationAppointment DateStatus
Rohit Kumar Country flag representing In Director 17-Mar-2010Current
Anup Kumar Country flag representing In Director 10-Dec-2015Current
Subash Bansal Country flag representing In Director 10-Dec-2015Current
Rohit Garg Country flag representing In Additional Director 09-Sep-2016Current

Financial Performance of Satluj Spintex.

Satluj Spintex Limited, for the financial year ended 2022, experienced Minor drop in revenue, with a 3.16% decrease. The company also saw a substantial improvement in profitability, with a 52.63% increase in profit. The company's net worth observed a substantial decline by a decrease of 19.68%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-3.16%
Revenue from Operations
-3.42%
Total Assets
-0.60%
Profit or Loss
52.63%
Net Worth
-19.68%
EBITDA
802.51%

What is the Ownership and Shareholding Structure of Satluj Spintex?

In 2022, Satluj Spintex had a promoter holding of 99.42% and a public holding of 0.58%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹406.75 Cr

Satisfied Charges

₹932.25 Cr

Charges Breakdown by Lending Institutions

  • Others : 311.50 Cr
  • Punjab National Bank : 95.25 Cr

Latest Charge Details

DateLenderAmountStatus
05 Mar 2021Others₹46.00 CrOpen
22 Apr 2020Others₹18.50 CrOpen
29 Jun 2019Others₹55.00 CrOpen
11 Feb 2019Others₹7.00 CrOpen
02 Feb 2016Others₹185.00 CrOpen

How Many Employees Work at Satluj Spintex?

Satluj Spintex has a workforce of 14 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Satluj Spintex, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Satluj Spintex's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Satluj Spintex

Recent activity within the organization

  • Annual General Meeting

    Satluj Spintex Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.

    30 Sep 2022

  • Balance Sheet

    Satluj Spintex Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Chandigarh.

    31 Mar 2022

  • Charges

    A charge with Others amounted to Rs. 46.00 Cr with Charge ID 100430333 was registered on 05 Mar 2021.

    05 Mar 2021

  • Charges

    A charge with Others of Rs. 185.00 Cr registered on 02 Feb 2016 with Charge ID 10622340 was modified on 12 May 2020.

    12 May 2020

  • Charges

    A charge with Others amounted to Rs. 18.50 Cr with Charge ID 100336111 was registered on 22 Apr 2020.

    22 Apr 2020

  • Charges

    A charge registered on 13 Aug 2010 via Charge ID 10237607 with Punjab National Bank was fully satisfied on 18 Oct 2019.

    18 Oct 2019

Frequently asked questions

  • Satluj Spintex Limited was incorporated on 17 Mar 2010.

  • The authorized share capital of Satluj Spintex Limited is ₹ 120.25 Cr and paid-up capital is ₹ 110.00 Cr.

  • Currently 6 directors are associated with Satluj Spintex Limited.

    • Sham Lal
    • Rohit Kumar
    • Anup Kumar
    • Subash Chand Bansal
    • Rohit Garg
    • Gaganendra
  • As per Ministry of Corporate Affairs (Mca), the registered address of Satluj Spintex Limited is Post Office Bazar Near India, Bathinda, Punjab, 151001.

  • The corporate identification number (CIN) of Satluj Spintex Limited is U17290PB2010PLC033706 and the company number is 033706 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Satluj Spintex Limited is https://www.satlujgroup.com

  • According to the financial reports for the fiscal year 2022, the revenue trend for Satluj Spintex Limited has fallen by -3.16%.

  • As Per 2022 financial reports, 14 employees are currently employed by Satluj Spintex Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Satluj Spintex Limited has experienced an downturn of -19.68%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Satluj Spintex Limited amount to ₹ 406.75 Cr.

  • The most recent Balance Sheet for Satluj Spintex Limited was filed with the ROC on 31 Mar 2022.

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